THE INTERPRETER: Gold Is “Universally Acceptable” and Why China Is Buying – Greenspan |Greenspan, former Chairman of the Federal Reserve Board of the United States from 1987 to 2006, points out that if the world’s largest gold consumer, China, used a portion of its massive $4 trillion foreign exchange reserves to buy enough gold bullion it could displace the U.S. as the world’s largest holder of gold bullion : InvestmentWatch

Sunday 5 October 2014

Gold Is “Universally Acceptable” and Why China Is Buying – Greenspan |Greenspan, former Chairman of the Federal Reserve Board of the United States from 1987 to 2006, points out that if the world’s largest gold consumer, China, used a portion of its massive $4 trillion foreign exchange reserves to buy enough gold bullion it could displace the U.S. as the world’s largest holder of gold bullion : InvestmentWatch

Gold is universally accepted unlike fiat currency

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